Motilal Oswal Nifty Microcap 250 Index Fund vs Whiteoak Capital Special Opportunities Fund
Direct Plan, Growth option · Data as on 30-10-2026
Motilal Oswal Nifty Microcap 250 Index Fund is an Index fund and Whiteoak Capital Special Opportunities Fund is a Thematic fund. In the year to 30-10-2026, Motilal Oswal Nifty Microcap 250 Index Fund (Direct) returned −0.7% and Whiteoak Capital Special Opportunities Fund (Direct) returned 6.9%. Motilal Oswal Nifty Microcap 250 Index Fund charges 0.72% a year and Whiteoak Capital Special Opportunities Fund 1.27% (Direct plans). Their portfolios overlap 11.3%: they hold 24 of the same securities.
Motilal Oswal Nifty Microcap 250 Index Fund
Index
- 1 year return
- −0.7%
- Expense ratio
- 0.72%
- NAV
- ₹17.37
Whiteoak Capital Special Opportunities Fund
Thematic
- 1 year return
- 6.9%
- Expense ratio
- 1.27%
- NAV
- ₹14.47
Which is better, Motilal Oswal Nifty Microcap 250 Index or Whiteoak Capital Special Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Whiteoak Capital Special Opportunities returned more over 1 year: 6.9% against −0.7%.
- Motilal Oswal Nifty Microcap 250 Index costs less: 0.72% a year against 1.27% (Direct plans).
- Whiteoak Capital Special Opportunities fell less in its worst fall since 05-06-2024: −17.0% against −29.4%.
- Whiteoak Capital Special Opportunities holds more in large companies: 27.9% of the fund in large caps against 0.0%.
- Motilal Oswal Nifty Microcap 250 Index is the larger fund: ₹2,410 Cr against ₹1,959 Cr.
- Their portfolios overlap 11.3%: 24 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Motilal Oswal Nifty Microcap 250 Index Fund | Whiteoak Capital Special Opportunities Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Index | Thematic |
| AUM | ₹2,410 Cr (30-09-2026) | ₹1,959 Cr (30-09-2026) |
| NAV | ₹17.37 (Direct) | ₹14.47 (Direct) |
| Expense ratio (Direct) | 0.72% | 1.27% |
| Expense ratio (Regular) | 1.25% | 2.74% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Microcap 250 TRI | BSE 500 TRI |
| Launch date | 05-07-2023 | 04-06-2024 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Swapnil Mayekar | Dheeresh Pathak, Piyush Baranwal, Trupti Agrawal, Ashish Agrawal, Ramesh Mantri |
| Exit load | Upto 2.25% | Nil |
Motilal Oswal Nifty Microcap 250 Index vs Whiteoak Capital Special Opportunities: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Motilal Oswal Nifty Microcap 250 Index Fund (Direct) | −9.04% | −4.56% | +3.52% | −0.68% | +13.05% | -- | -- |
| Whiteoak Capital Special Opportunities Fund (Direct) | −1.87% | −1.93% | +7.08% | +6.92% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Motilal Oswal Nifty Microcap 250 Index vs Whiteoak Capital Special Opportunities: Year-wise Returns
| Year | Motilal Oswal Nifty Microcap 250 IndexMotilal Oswal Nifty Microcap 250 Index | Whiteoak Capital Special OpportunitiesWhiteoak Capital Special Opportunities |
|---|---|---|
| 2026to date | +5.19% | +6.37% |
| 2025 | −10.89% | +7.76% |
| 2024 | +33.42% | -- |
Motilal Oswal Nifty Microcap 250 Index vs Whiteoak Capital Special Opportunities: Rolling Returns
Every holding period of both funds, against Nifty Microcap 250 TRI, the benchmark of Motilal Oswal Nifty Microcap 250 Index Fund
Rolling returns
Every 1-year holding period, 346 of them, one for each trading day from 05-06-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Motilal Oswal Nifty Microcap 250 Index Fund (Direct)
Whiteoak Capital Special Opportunities Fund (Direct)
Nifty Microcap 250 TRI
to
Jul 2025Oct 2024
to
Oct 2025Jan 2025
to
Jan 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Motilal Oswal Nifty Microcap 250 Index | 48.0 | 28.3 | 11.0 | 12.4 | 0.3 | 0.0 | 0.0 | −0.2% | 0.3% | −16.6% | 16.6% | 0% |
| Whiteoak Capital Special Opportunities | 0.0 | 6.1 | 31.2 | 34.7 | 25.1 | 2.6 | 0.3 | 11.9% | 11.9% | 1.7% | 25.3% | 97% |
| Nifty Microcap 250 TRI | 41.6 | 26.9 | 15.9 | 13.6 | 2.0 | 0.0 | 0.0 | 1.1% | 1.6% | −15.3% | 18.2% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Microcap 250 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 05-06-2024. Past returns do not promise future returns.
Motilal Oswal Nifty Microcap 250 Index vs Whiteoak Capital Special Opportunities: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 03-06-2024 to 30-10-2026: 29 instalments, ₹2,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Motilal Oswal Nifty Microcap 250 IndexMotilal Oswal Nifty Microcap 250 Index Fund (Direct) | ₹2,90,000 | ₹2,95,197 | ₹5,197 | 1.4% |
| Whiteoak Capital Special OpportunitiesWhiteoak Capital Special Opportunities Fund (Direct) | ₹2,90,000 | ₹3,29,047 | ₹39,047 | 10.5% |
Motilal Oswal Nifty Microcap 250 IndexMotilal Oswal Nifty Microcap 250 Index Fund (Direct)
Whiteoak Capital Special OpportunitiesWhiteoak Capital Special Opportunities Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Motilal Oswal Nifty Microcap 250 Index vs Whiteoak Capital Special Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal Nifty Microcap 250 Index Fund (Direct) | Whiteoak Capital Special Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.68% | +6.92% |
| Standard deviation | 20.68% | 14.86% |
| Sharpe ratio | -0.29 | 0.11 |
| Sortino ratio | -0.40 | 0.15 |
| Maximum drawdown | −21.6% (31-03-2026) | −14.1% (30-03-2026) |
| Beta | 1.00 | 0.99 |
| Alpha | −1.31% | +14.43% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Motilal Oswal Nifty Microcap 250 Index Fund (Direct) | Whiteoak Capital Special Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.70% | +15.13% |
| Standard deviation | 21.06% | 14.57% |
| Sharpe ratio | 0.55 | 0.64 |
| Sortino ratio | 0.73 | 0.88 |
| Maximum drawdown | −29.4% (31-03-2026) | −17.0% (03-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −1.53% | +12.86% |
From daily NAVs, 11-07-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Motilal Oswal Nifty Microcap 250 Index Fund (Direct)
Whiteoak Capital Special Opportunities Fund (Direct)
Nifty Microcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Motilal Oswal Nifty Microcap 250 Index Fund (Direct) | −29.4% | 11-12-2024 | 31-03-2026 | 23-09-2026 | 6 months | −11.4% |
| Whiteoak Capital Special Opportunities Fund (Direct) | −17.0% | 16-12-2024 | 03-03-2025 | 10-06-2025 | 3 months | −6.3% |
| Nifty Microcap 250 TRI | −28.1% | 11-12-2024 | 30-03-2026 | 18-08-2026 | 5 months | −10.8% |
From daily values since 05-06-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Motilal Oswal Nifty Microcap 250 Index Fund (Direct)
Whiteoak Capital Special Opportunities Fund (Direct)
Nifty Microcap 250 TRI
Against Nifty Microcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Motilal Oswal Nifty Microcap 250 Index Fund (Direct) | 98% | 103% | 0.56% |
| Whiteoak Capital Special Opportunities Fund (Direct) | 90% | 61% | 11.66% |
From month-end values since 05-06-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Motilal Oswal Nifty Microcap 250 Index vs Whiteoak Capital Special Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Nifty Microcap 250 Index Fund, September 2026; Whiteoak Capital Special Opportunities Fund, September 2026
Holdings in common
- Overlap
- 11.3%
- Held by both
- 24
- Only in Motilal Oswal Nifty Microcap 250 Index
- 229
- Only in Whiteoak Capital Special Opportunities
- 69
| Security | % of Motilal Oswal Nifty Microcap 250 Index | % of Whiteoak Capital Special Opportunities |
|---|---|---|
| Tamilnad Mercantile Bank Limited | 1.15% | 1.41% |
| Shilpa Medicare Limited | 1.37% | 0.81% |
| Avalon Technologies Limited | 0.79% | 1.25% |
| Bluestone Jewellery And Lifestyle Limited | 0.67% | 0.69% |
| The South Indian Bank Limited | 1.41% | 0.66% |
| S.J.S. Enterprises Limited | 0.65% | 1.59% |
| Shadowfax Technologies Limited | 0.63% | 1.15% |
| Pricol Limited | 0.62% | 0.68% |
| Sedemac Mechatronics Limited | 0.55% | 0.54% |
| Dynamatic Technologies Limited | 0.60% | 0.50% |
| Restaurant Brands Asia Limited | 0.53% | 0.45% |
| Saregama India Limited | 0.41% | 1.08% |
| TIMEX GROUP INDIA LIMITED | 0.40% | 0.44% |
| Diamond Power Infrastructure Ltd. | 0.62% | 0.38% |
| Thyrocare Technologies Limited | 0.37% | 0.95% |
| KRN Heat Exchanger And Refrigeration Limited | 0.36% | 0.81% |
| Mrs. Bectors Food Specialities Ltd | 0.36% | 0.65% |
| Godrej Agrovet Limited | 0.34% | 1.02% |
| Neogen Chemicals Limited | 0.38% | 0.32% |
| Archean Chemical Industries Limited | 0.31% | 0.51% |
| Wakefit Innovations Limited | 0.17% | 0.28% |
| Omnitech Engineering Limited | 0.16% | 0.51% |
| IGL Spirits Limited | 0.11% | 0.19% |
| Ennature Bio Pharma Limited | 0.11% | 0.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.3% means 11.3% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Motilal Oswal Nifty Microcap 250 Index Fund
| Security | % of fund |
|---|---|
| Astra Microwave Products Limited | 1.56% |
| Ujjivan Small Finance Bank Limited | 1.43% |
| Sundram Fasteners Limited | 1.42% |
| The Karnataka Bank Limited | 1.40% |
| VA Tech Wabag Limited | 1.06% |
Largest holdings only in Whiteoak Capital Special Opportunities Fund
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 4.13% |
| Bharti Airtel Limited | 3.28% |
| Redington Limited | 2.70% |
| State Bank of India | 2.69% |
| Titan Company Limited | 2.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Nifty Microcap 250 Index | Whiteoak Capital Special Opportunities |
|---|---|---|
| Equity | 100.0% | 87.0% |
| Debt | 0.0% | 3.7% |
| Cash and others | -0.0% | 9.4% |
Market cap of stocks
| Market cap | Motilal Oswal Nifty Microcap 250 Index | Whiteoak Capital Special Opportunities |
|---|---|---|
| Large Cap | 0.0% | 27.9% |
| Mid Cap | 0.0% | 9.0% |
| Small Cap | 98.9% | 49.1% |
| Not on AMFI's list | 1.2% | 1.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Motilal Oswal Nifty Microcap 250 Index | Whiteoak Capital Special Opportunities |
|---|---|---|
| Banks | 7.6% | 10.9% |
| Industrial Products | 9.1% | 3.7% |
| Consumer Durables | 8.2% | 3.6% |
| Pharmaceuticals & Biotechnology | 7.8% | 5.9% |
| Finance | 3.2% | 6.8% |
| Auto Components | 4.9% | 5.9% |
| Chemicals & Petrochemicals | 4.6% | 5.6% |
| Aerospace & Defense | 5.2% | 0.3% |
| Electrical Equipment | 4.8% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Nifty Microcap 250 Index vs Whiteoak Capital Special Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Nifty Microcap 250 Index Fund | Whiteoak Capital Special Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.72% | 1.27% |
| Base expense ratio (Direct) | 0.43% | 0.53% |
| Total expense ratio (Regular) | 1.25% | 2.74% |
| Base expense ratio (Regular) | 0.90% | 1.77% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
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Motilal Oswal Nifty Microcap 250 Index Fund vs Whiteoak Capital Special Opportunities Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Nifty Microcap 250 Index Fund and Whiteoak Capital Special Opportunities Fund?
Motilal Oswal Nifty Microcap 250 Index Fund is an Index fund, Whiteoak Capital Special Opportunities Fund is a Thematic fund, run by Motilal Oswal Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 11.3%. Motilal Oswal Nifty Microcap 250 Index Fund charges 0.72% a year and Whiteoak Capital Special Opportunities Fund 1.27%.
Which has given higher returns, Motilal Oswal Nifty Microcap 250 Index Fund or Whiteoak Capital Special Opportunities Fund?
Over 1 year: Motilal Oswal Nifty Microcap 250 Index Fund −0.68%, Whiteoak Capital Special Opportunities Fund +6.92%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Motilal Oswal Nifty Microcap 250 Index Fund or Whiteoak Capital Special Opportunities Fund?
Motilal Oswal Nifty Microcap 250 Index Fund charges less: 0.72% a year against 1.27%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Motilal Oswal Nifty Microcap 250 Index Fund and Whiteoak Capital Special Opportunities Fund overlap?
11.3%. They hold 24 of the same securities, the largest shared ones being TMB, SHILPAMED, AVALON. From each fund's latest monthly portfolio.
Which is riskier, Motilal Oswal Nifty Microcap 250 Index Fund or Whiteoak Capital Special Opportunities Fund?
On SEBI's riskometer, Motilal Oswal Nifty Microcap 250 Index Fund is rated Very High and Whiteoak Capital Special Opportunities Fund Very High. Over 1 years, the standard deviation of daily returns was 20.68% and 14.86% a year.
Can I invest in both Motilal Oswal Nifty Microcap 250 Index Fund and Whiteoak Capital Special Opportunities Fund?
Yes. 11.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Motilal Oswal Nifty Microcap 250 Index Fund and Whiteoak Capital Special Opportunities Fund?
Motilal Oswal Nifty Microcap 250 Index Fund: Swapnil Mayekar. Whiteoak Capital Special Opportunities Fund: Dheeresh Pathak, Piyush Baranwal, Trupti Agrawal, Ashish Agrawal, Ramesh Mantri.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.